CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Dubai Airshow Ends With Bumper Orders

Dubai Airshow Ends With Bumper Orders

by Lorys Charalambous, Tax-News.com, Cyprus

18 November 2011


The Dubai Airshow closed its doors on November 18 on a successful week which saw USD63.3bn worth of orders for aircraft, maintenance services and flight training programmes.

Visitor numbers broke the Dubai Airshow record with 56,548 people attending, making the 12th edition of the airshow the biggest as well as the most colourful yet, as the halls, pavilions and chalets displayed the colours of the UAE national flag in celebration of the nation’s 40th anniversary on December 2, 2011.

With this year focusing on flight training, the Airshow concluded on the final day with the signing of an agreement by Fujairah Aviation Academy in the UAE with the International Air Transport Association (IATA), to develop the facility as an IATA-approved training centre for high school graduates.

Alison Weller, Managing Director of airshow organiser F&E Aerospace, said: “We promised a Dubai Airshow that would be bigger and better than ever and we did not disappoint. The past week has been notable for its buoyant crowds, spectacular aerial displays and astonishing order announcements. As the show comes to an end, it will be time to take stock of the successes and the challenges, in preparation for Dubai Airshow 2013 at Dubai World Central.”

Airbus secured a significant number of orders during the Airshow. Among the deals, Aviation Capital Group (ACG), the US-based aircraft leasing company, signed an agreement with Airbus for 30 eco-efficient A320neo (new engine option) aircraft, valued at USD2.7bn at list price. Florida-based Spirit Airlines signed a Memorandum of Understanding with Airbus for 75 Airbus A320 family jets – 45 A320neo and 30 A320 aircraft. The deal is valued at USD7bn. Qatar Airways signed an order for 50 A320neo aircraft and five A380 double-decker aircraft, with a total list price of USD6.4bn.

In an agreement on November 17, Boeing and Jakarta-based Lion Air announced an order of 201 737 MAXs and 29 Next-Generation 737-900 ERs (extended range). The agreement also includes purchase rights for an additional 150 airplanes. With 230 airplanes at a list price of USD21.7bn, this deal when finalized will be the largest commercial airplane order ever in Boeing's history by both dollar amount and total number of airplanes.

TAGS: aviation

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »